Recent Posts

Edge secures AED11 billion contract from UAE Air Force

ABU DHABI / WAM Edge Group entity, GAL, a leading regional provider of integrated aircraft sustainment solutions for military and civilian customers, has been awarded an exclusive Performance-Based Logistics (PBL) contract to supply the UAE Air Force and Air Defence (AFAD) with maintenance, repair and overhaul (MRO), and specialised support services. For the first time in the company’s history, the ...

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Tawazun to buy 100 VRT helicopters from Aeroter

ABU DHABI / WAM Tawazun Economic Council (Tawazun) on Sunday signed a Letter of Intent (LoI) to purchase 100 VRT500 helicopters from Aeroter at a total value of around AED913 million for use across some government entities. The delivery of the 100 helicopters is expected by the end of 2023. Ahmed Ali Al Harmoodi, Chief Acquisition Management officer of Tawazun, ...

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Emaar posts highest-ever property sales of AED20.94bn in 9 months

DUBAI / WAM Emaar Development PJSC, the leading build-to-sell property development business, majority-owned by Emaar Properties, achieved strong performance during the first nine months (January to September) of 2021, with a strong contribution by exceptional inventory sales, and reinforced by recent successful launches creating value for the future. The developer reported its highest ever property sales of AED20.943 billion in ...

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